![]() ![]() In 1976, the Treasury decided it would take another shot at the $2 bill, says Andres. You can print half as many twos and get the same dollar amount. John Bennardo, producer, and director of “ The $2 Bill Documentary,” explains that Toms actually saved the government a bunch of money. It’s more cost-efficient to print twos instead of ones. Since most people did not see a use for the Tom, the government decided to stop making them in 1966. It would be like having a $50 bill and a $55 bill. Over the years, as inflation brought the value of the $1 bill and $2 bill closer and closer together it became even less necessary. In turn, the Tom got kind of a dirty reputation. Since these activities were considered scandalous, if you had a $2 bill you were viewed as trouble waiting to happen.” Owning a $2 bill could mean that a politician bribed you (as they were known for doing with $2 bills), you were gambling at the racetrack, or you were spending it at a brothel. Tommy Andres from MarketPlace writes, “The economy recovered, but the $2 bill eventually found itself in an awkward price point-it became the perfect note for nefarious purposes. ![]() Since many things during that time cost less than a dollar, the $2 bill wasn’t all that practical to carry. As the Great Depression hit, the value of paper money was already way down. It was printed along with the $1 bill, but during that time, paper money was a brand-new concept, so it took a while for people to warm up to it-similar to our adoption of the current dollar coin. So, what happened to Toms and why is it rare to spot one? And why did the government stop making a currency that actually saves us money to print? The History of the $2 Billīack in 1862 the $2 bill was introduced to the world for the first time. A $20 bill made in 2009 sold for $5,581 and a rare $2 bill sold for nearly $30,000, according to the newspaper.When was the last time you saw a $2 bill? These rare bills are also known as “Toms,” thanks to Thomas Jefferson, whose face decorates them. Other bills that have funky serial numbers or mistakes on them are also worth some serious cash. Odds that you have it are obviously one in however many $100 bills have been made since then, but it doesn’t hurt to look! When the $100 bill was redesigned in October 2013, Dustin Johnston, director of Heritage Auctions in Dallas, told The Boston Globe the first bill (serial number 00000001) could be worth $10,000 to $15,000. While you’re at it, you might want to check out any $100 bills you have, too. There are some listings on eBay right now for as much as $900! The site says you can contact them for an appraisal if you think you have some bills they might want, or you could head straight to eBay, which has an entire section dedicated to coins and paper money. Think You’ve Got What They’re Looking For?ĬoolSerialNumbers is currently selling some bills worth as much as $5,000. If you’re looking for an even more organized list, here’s a PDF you can print out and keep with you so you always know which numbers they want. You can view the full list by visiting the website, but here’s a shortened version of the kind of numbers they want: Apparently, collectors are really into what they call “fancy” serial numbers, which are unusual or special serial numbers. You may remember to be careful what Beanie Babies you give away, or hesitate throwing out your old VHS tapes just in case, but what about the bronze 1943 penny worth $1.7 million? Or a crazy-shaped Cheeto worth $60,000? Well, here’s another: find some of these dollar bills with unique serial numbers and you could be in for a pretty big payday.Ĭollectors at created a list of the most-wanted serial numbers-and they’re willing to pay dollars for your dollars. You may just find some of your cash is actually worth more, well, cash. Pull out your wallet and check your dollar bills-really, really check them. ![]()
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